Property Overview
This is a compact, one-storey home built in 1946 on a modest lot along Henderson Highway. Its key characteristic is its below-average living space (771 sq ft), which places it among the smaller homes in the neighbourhood and city. However, it features a renovated basement and a detached garage. The property’s assessed value is notably lower than area averages, suggesting a potentially accessible entry point into the market. Its appeal lies in its simplicity and efficiency—it’s a home that covers the basics without excess. It would likely suit a first-time buyer, an investor, or someone looking to downsize to a manageable, no-frills property who values location over square footage. A less obvious perspective is that its smaller footprint and lot could mean lower ongoing utility and maintenance costs, and the renovated basement adds functional space that isn't reflected in the main living area square footage.
Frequently Asked Questions
1. Is the house actually on the busy Henderson Highway?
Yes, the address confirms it is located directly on Henderson Highway. Buyers should consider the implications of traffic noise and direct highway access.
2. Why is the assessed value so much lower than the average home in the area?
The assessed value is closely aligned with the home's relatively small size and older age compared to area averages. It reflects the municipal valuation for tax purposes, not necessarily the market sale price.
3. What does "renovated basement" include?
The listing notes the basement is renovated but does not specify the scope. This would be a key detail to clarify with the seller or listing agent regarding finishes, permits, and intended use.
4. How does the sold price history help determine current value?
The data shows a sale in late 2016 for approximately $21.5k-$24.5k. This historical price, significantly lower than the current assessed value, highlights market changes but is not a direct indicator of today's value. It underscores the importance of a current market appraisal.
5. The lot size is noted as "below average." Is it still functional?
At just over 4,000 sq ft, the lot is smaller than most in the immediate area but is comparable to many city-wide lots. It likely provides adequate outdoor space for a small garden or patio but may not suit those seeking extensive yard space.